Suppose your business has secured a line of credit and receives the accompanying statement of account for the month of October. The limit on your line of credit is $1000.00. You receive daily interest of 1.9% p.a. on positive balances and pay daily interest of 7% p.a. on negative (line of credit) balances. Overdraft interest is 18% p.a. on the daily amount exceeding your line of credit limit. There is a service charge of $5.00 for each transaction causing an overdraft or adding to an overdraft. Use this information to complete parts CELE (a) Calculate the amount of interest earned. Total interest eamed=$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (b) Calculate the amount of interest charged on the line of credit. Total line of credit interest charged = $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (c) Calculate the amount of interest charged on overdrafts. Overdraft interest - $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (d) Calculate the amount of service charge. Service charge=$ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) (e) What is the account balance on October 317 Time Remaining: 00:50:50 Next October Statement Date October 2 9 15 18 25 29 31 Transaction Description Balance Cheque 263 Cheque 264 Deposit Cheque 265. Cheque 266 Print Deposit 1798.00 Withdrawal Done possible 599.00 234.00 119.00 267.00 he amount or interest charged on overorants. rest=$ al answer to the nearest cent as needed. Round all intermediata unuan ta Balance -664.37 -1263.37 - 1497.37 300.63 181.63 -85.37 ? - X